MarkNtel Advisors recently published a detailed industry analysis of the On-Board Charger Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the On-Board Charger Market (2024-2030)
The Global On-Board Charger Market size is valued at around USD 6.2 billion in 2024 and is estimated to grow at a CAGR of around 16.5% during the forecast period, i.e., 2024-30.
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What is driving the On-Board Charger Market?
Rising Adoption of EVs Driving Growth & Expansion – With the growing awareness about environmental issues more and more people are shifting to EVs as it is cost-efficient, we have seen an increased demand in the sector all over the globe. Governments around the world are working on multiple ways to boost the adoption of electric vehicles. Multiple levels of OBCs are being developed to support the growth of EVs in the market. Its, high usage specifically in the transport and passenger vehicle industry is augmenting the size & volume of the on-board charger industry. The applications of OBCs have gone way beyond passenger cars as the adoption of EVs has already expanded up to commercial vehicles, two-wheelers, and public transport and all of them require on-board chargers to function thus boosting the revenue growth of the market.
The rising adoption is creating the need for fast charging solutions to cater to more customers in less time and provide them with the best solutions to their charging needs. Advanced OBCs are being developed to support rapid charging, enhancing the overall EV user experience. With this, the manufacturers are also focusing on increasing the battery life and reduction in energy loss to match the expectations and requirements of the growing EV market. Thus, the rising adoption of electric vehicles is a significant driver of growth of the Global On-Board Charger Market. The increasing number of EVs on the road is creating a robust demand for OBCs. This trend is expected to continue through 2030, shaping the future landscape of the automotive and charging infrastructure industries.
What segments define the On-Board Charger Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Propulsion Type
(Battery Electric Vehicle [BEV], Plug-in Hybrid Electric Vehicle [PHEV],
By Power Output
(Less than 10 KW, 10 KW–20 KW, More than 20 KW),
By Vehicle Type
(Passenger Cars, Commercial Vehicle),
By End-User
(OEMs, Aftermarket)
By Regions
North America, South America, Europe, Asia-Pacific, Middle East & Africa
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Who are the leading key players shaping the On-Board Charger Market landscape?
BRUSA Elektronik AG, Current Ways Inc., Bel Power solution, Innoelectric GmbH, Toyota Industries Corporation, Stercom Power Solutions GmbH, Eaton, Delphi Technologies, Xepics Italia SRL, Infineon Technologies AG, AVID Technology Limited, Hangzhou Aodi Electronic Control Co., Ltd., STMICROELECTRONICS, Ficosa Internacional SA. and others
Questions Addressed in this Study
1.What factors are driving the On-Board Charger Market growth?
2.How is the On-Board Charger Market expected to grow over the next five years?
3.What are the key insights into the current trends in the On-Board Charger Market?
4.What is the current size of the On-Board Charger Market, and how is it projected to change in the future?
6.What is the future outlook for the On-Board Charger Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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